Questrade vs Binance

Questrade vs Binance Comparison Table 2024
Questrade Binance
3
3.5
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.

Questrade is an award-winning Canadian investment platform offering self-directed and pre-built portfolios. Investors can access a suite of tax-free savings accounts, retirement plans, income funds and more. Regulated by CIRO, Questrade is an established broker, trusted by new and experienced investors.

Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.

Bonus Offer
5 commission-free trades
Comment by Reviewer
"Questrade is a top pick for Canadian clients with both long-term and short-term investment goals. The firm boasts competitive fees and a range of tax-efficient savings accounts." "Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion."
Pros
  • Transparent pricing structure with stocks starting from 1 cent per share and portfolio management fees from 0.25%
  • An impressive range of 17 accounts, suitable for both long-term investment goals, as well as short-term saving
  • Easy account opening with no set-up fees and a choice of flexible portfolio types, depending on risk appetite
  • Dual currency self-directed accounts in CAD and USD for convenient and fee-free investing across US and Canadian exchanges
  • Excellent mobile trading app for active equity or options traders, with advanced charting and order types, plus a strategy builder tool
  • Comprehensive learning centre with goal-tracking advice, platform tutorials and investment webinars
  • Trusted firm with oversight from the CIRO
  • Over 350 crypto tokens are available with big names like Bitcoin and Ethereum
  • Crypto derivatives are offered including options and futures
  • Trade popular cryptos with high leverage up to 1:125
  • Binance Academy is a great resource for beginners
  • The account opening process is straightforward
  • There are no fees on fiat and crypto deposits
  • 24/7 support is available via live chat
Cons
  • $1000 minimum deposit is high for beginners
  • No fractional shares for lower entry requirements
  • Canadian citizens accepted only
  • No youth investment accounts
  • No contact support number
  • Some regulatory investigations
  • The crypto exchange has been hacked
Awards
  • #1 Investor Satisfaction 2020 - J.D. Power's Self Directed Investor Satisfaction Study
  • Seal of Service Excellence 2019 - DALBAR
Instruments
Forex, CFDs, indices, shares, precious metals, mutual bonds, options, warrants, GICs, ETFs Cryptos
Demo Account
Yes No
Minimum Deposit
$1000 $0
Trading Platforms
  • Own
  • AlgoTrader
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
CIRO
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
No Yes
Mobile Apps
Yes Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • UAH
Stock Exchanges
Commodities
CFD Trading
Trade a good range of CFDs on commodities, indices and more. Questrade offers advanced mobile and web trading platforms with top research features including Morningstar and Trading Central. CFD trading not offered
Leverage
1:3.33
FTSE Spread
N/A
GBPUSD Spread
2
Oil Spread
0.05
Stocks Spread
1 cent per share
Forex Trading
Access over 110 FX pairs with spreads from 0.8 pips and no inactivity fees. Seasoned traders can also unlock advanced market data packages with fee rebates and competitive pricing. Forex trading not offered
GBPUSD Spread
2
EURUSD Spread
1.9
EURGBP Spread
2.1
Assets
110+
Cryptocurrency
Crypto trading not offered Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Variable fees with account tiers
Coins
  • DOGE
  • VET
  • USDT
  • BTC
  • BNB
  • ETH
  • VTHO
  • ADA
  • ONE
  • SOL
  • NEO
  • LINK
  • XLM
  • NANO
  • LTC
  • BUSD
  • HBAR
  • ALGO
  • MANA
  • ZIL
  • ENJ
  • BCH
  • MATIC
  • EGLD
  • HNT
  • EOS
  • QTUM
  • RVN
  • DAI
  • IOTA
  • ONT
  • STORJ
  • UNI
  • ETC
  • BAND
  • OMG
  • XTZ
  • USDC
  • ATOM
  • DASH
  • ICX
  • BAT
  • MKR
  • OXT
  • ZEC
  • ZEN
  • ZRX
  • COMP
  • WAVES
  • KNC
  • REP
  • PAXG
  • FIL
  • WBTC
  • THETA
  • SHIB
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
More Comparisons
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